Insider Selling: EOG Resources, Inc. (NYSE:EOG) COO Sells $505,920.00 in Stock

EOG Resources, Inc. (NYSE:EOG) COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

EOG Resources Price Performance

EOG stock opened at $128.10 on Friday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm has a market capitalization of $73.62 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $125.23 and a 200-day moving average of $124.48.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the business posted $2.49 earnings per share. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.84%. EOG Resources’s payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank reduced their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Bank of America reiterated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Fourteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.10.

Institutional Investors Weigh In On EOG Resources

Hedge funds have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $28,000. Gladius Capital Management LP bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $30,000. Sachetta LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $35,000. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.